CSV Options History — January 2022

In January 2022, CSV traded between $48.22 and $61.48. ATM implied volatility averaged 45.0%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 9.0% (HV 20d: 36.0%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.88.

Notable Days

2022-01-20: Highest Volume — 1,065 contracts
2022-01-31: Largest IV spike — 66.3% change
2022-01-31: Highest IV Rank — 58.8%
2022-01-31: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.19	$48.22	$61.48	$61.44	$49.79
Max Pain	$56.50	$55.00	$60.00	$55.00	$55.00
ATM IV	45.0%	31.7%	59.5%	33.6%	59.5%
Expected Move	13.3%	9.1%	17.0%	9.6%	17.0%
HV 20d	36.0%	32.5%	39.3%	36.3%	36.4%
HV 60d	39.7%	34.1%	43.1%	39.8%	34.6%
IV Rank	37.7%	18.2%	58.8%	20.9%	58.8%
IV Percentile	70.1%	27.4%	97.2%	34.5%	97.2%
Term Structure	-4.9%	-16.3%	7.5%	5.0%	-16.3%
VWIV	46.2%	32.9%	58.7%	36.8%	55.5%
Skew 25d	3.1%	-7.8%	11.8%	-5.2%	4.3%
Skew 10d	4.9%	-12.2%	15.5%	1.7%	15.5%
Call IV 25d	48.0%	33.0%	63.1%	41.0%	59.2%
Put IV 25d	51.1%	35.7%	74.4%	35.8%	63.5%
Bid-Ask Spread %	74.38	55.52	101.04	78.87	94.89
Gamma HHI	0.56	0.22	0.96	0.59	0.24
Net GEX	643.1K	26.3K	2.5M	480.9K	29.6K
Net DEX	-9.9M	-21.6M	928.2K	-20.7M	928.1K
Net VEX	-20.7K	-32.9K	-9.1K	-20.7K	-9.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.88	0.47	2.10	1.09	0.47
Total Volume	755.65	347	1,065	372	880
Total OI	4,791.1	1,922	6,550	5,482	1,938

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$61.44	$55.00	33.6%	9.6%	36.3%	20.9%	36.8%	-5.2%	5.0%	480.9K	-20.7M	-20.7K	1.09	78.87	178	194	4,283	1,199
2022-01-04	$61.48	$55.00	32.7%	9.4%	35.6%	19.7%	33.1%	3.2%	5.0%	413.2K	-21.6M	-17.6K	1.30	90.00	151	196	4,303	1,210
2022-01-05	$58.93	$55.00	31.7%	9.1%	39.3%	18.2%	32.9%	2.7%	6.3%	675.0K	-18.4M	-21.2K	1.17	98.07	169	198	4,300	1,212
2022-01-06	$59.41	$55.00	40.1%	13.9%	37.7%	30.5%	46.7%	-2.4%	-8.9%	648.9K	-18.0M	-22.4K	1.02	59.37	321	329	4,310	1,210
2022-01-07	$58.07	$55.00	36.3%	13.4%	36.6%	24.8%	43.9%	1.2%	-9.5%	824.6K	-16.2M	-27.7K	0.88	66.94	420	369	4,441	1,346
2022-01-10	$57.18	$55.00	36.3%	12.3%	37.0%	24.9%	46.2%	5.9%	-4.1%	1.0M	-15.0M	-32.9K	0.86	64.60	433	371	4,745	1,450
2022-01-11	$57.15	$55.00	37.5%	12.1%	36.9%	26.6%	41.1%	2.2%	-2.1%	1.0M	-14.9M	-31.9K	0.87	63.16	427	371	4,752	1,448
2022-01-12	$58.10	$60.00	43.5%	12.5%	37.1%	35.4%	44.6%	4.6%	-3.8%	833.8K	-17.1M	-30.2K	0.88	55.52	416	368	4,747	1,448
2022-01-13	$58.13	$60.00	50.2%	14.4%	35.3%	45.2%	35.4%	5.2%	-12.3%	867.4K	-18.2M	-28.2K	0.90	57.57	411	368	4,751	1,443
2022-01-14	$58.28	$60.00	43.1%	12.4%	35.0%	34.9%	44.0%	8.1%	-5.1%	828.2K	-18.7M	-26.5K	2.10	63.00	174	365	4,754	1,441
2022-01-18	$55.87	$60.00	50.7%	14.5%	37.3%	46.0%	40.7%	3.0%	-9.1%	1.7M	-12.7M	-25.5K	2.05	60.93	179	367	4,757	1,442
2022-01-19	$54.85	$60.00	47.3%	13.6%	37.7%	41.0%	54.4%	5.2%	-12.6%	2.5M	-9.1M	-23.5K	0.53	56.11	688	364	4,743	1,438
2022-01-20	$52.58	$60.00	49.5%	14.2%	38.6%	44.3%	43.1%	0.9%	-11.4%	795.5K	-439.1K	-15.7K	0.53	69.94	695	370	5,111	1,439
2022-01-21	$52.34	$55.00	49.7%	14.3%	35.1%	44.6%	49.1%	-3.3%	-9.1%	43.6K	835.9K	-15.4K	0.60	68.86	624	372	5,083	1,441
2022-01-24	$52.59	$55.00	57.0%	16.3%	35.3%	55.2%	54.4%	-7.8%	-15.9%	43.0K	-154.5K	-16.2K	0.48	67.78	581	281	1,527	397
2022-01-25	$51.18	$55.00	57.4%	16.5%	34.9%	55.7%	53.7%	4.5%	-0.2%	39.1K	290.6K	-13.3K	0.47	90.05	586	277	1,525	397
2022-01-26	$49.90	$55.00	54.8%	15.7%	33.0%	51.9%	57.3%	11.8%	7.5%	38.9K	277.0K	-13.1K	0.47	101.04	592	278	1,530	398
2022-01-27	$48.22	$55.00	53.9%	15.4%	32.5%	50.6%	58.7%	6.9%	-6.9%	31.8K	220.1K	-13.1K	0.47	87.39	592	278	1,532	398
2022-01-28	$48.32	$55.00	35.8%	10.3%	33.1%	24.1%	52.6%	11.4%	5.4%	26.3K	928.2K	-9.1K	0.47	93.49	598	282	1,538	395
2022-01-31	$49.79	$55.00	59.5%	17.0%	36.4%	58.8%	55.5%	4.3%	-16.3%	29.6K	928.1K	-9.1K	0.47	94.89	599	281	1,539	399